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Tether (USDT) current price is $0.999 and -0.31% down

Tether (USDT) current price is $0.999 and -0.31% down

According to eHalal Digital Assets, Tether current price is $0.999 with a market cap of $62.38 B. Its price is -0.31% down in the last 24 hours.

Buy / Sell Tether
  • tether
    Tether (USDT)
  • Live Price
  • 24h %
  • Market Cap
    $62.38 B
  • Volume
    $80.57 B
  • Available Supply
    62.43 B USDT
  • Rank

More Info About this Token from an Islamic View

Tether claims to be backed 1:1 by USD, but based on news stories and legal filings, this is not the case and the company behind Tether have been lending out the money generated by Tether coins to generate profit (from interest) so that each Tether is only backed 75% by USD. That alone is probably not enough to deem it haram, but there are serious question marks over Tether, supporting their (essentially) banking business model, and from a moral perspective we're not sure reverting back to the interest-based model of making money is the right way forward.

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